Advisory Alpha LLC Acquires 408 Shares of Omnicom Group Inc. (NYSE:OMC)

Advisory Alpha LLC raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,214 shares of the business services provider’s stock after buying an additional 408 shares during the quarter. Advisory Alpha LLC’s holdings in Omnicom Group were worth $277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in Omnicom Group in the 4th quarter valued at $25,000. Versant Capital Management Inc increased its holdings in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares during the period. Northwest Investment Counselors LLC bought a new stake in Omnicom Group in the 3rd quarter valued at $33,000. Davis Capital Management bought a new stake in Omnicom Group in the 3rd quarter valued at $36,000. Finally, HM Payson & Co. increased its holdings in Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.1 %

Shares of NYSE:OMC opened at $86.21 on Friday. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The company’s 50-day moving average price is $92.23 and its two-hundred day moving average price is $96.46. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The firm has a market cap of $16.82 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.89 and a beta of 0.98.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 38.25%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on OMC shares. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Barclays upped their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. UBS Group upped their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.